Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-09-21
m WALL STREET.
r~tremes Developed in Stocks
% nol DsclInes Followed by a
s,ropg Upward Movement.
prices show Irrogul ar Change s
q o'rr Largely IN the Major
VIZ" ,Kailway Bonds Weak.
COMMERCIAL RESUME

~ to-day. TeXss and Pas
- comes sold at 10; Rios at 60;
and Texas IS 81 ssh; St. Louis,
'asA ana Texas I's at 90; rs at IS;
s'ls -i Ksnsss and Texas IS at 50; rs
-: ;:SrI Gulf, Colorado and SAINTS Fe rs
:..rrrs-nments steady
S g,,s- and per cent.
S.ger ...or.
cat dull but easier
Elton lower
zee 80 points lower
S5-sr unchanged ,
;i--7-rpy,jgNTs, STOCKS AND BONDS.
~ - yopK sept. % The stock msr-
~ s,3sy wxs more ectiye than for many
IN. lis tone WAS feverish end ir-
'A "a. mt generally weak in the morn
~ - s.-ong later in the day. The
.1,.ton which made some progress
-. 10 wss ntin&ed to-day, end the
- ~ long stock during the morn
e s'n-. wss heavy and over one-ffth If
. l. DAVIS TRANSACTIONS were in the
~ lou-. and over three hf,hs from
- o'c,sck. Tae distrust OF
more,arv situation was intense
:. the temper Of the room was
- end as ,here was no authentic
s 800 from the treasury, on which
-r1s we're turned, the selling began in
Let There was some buying for for
end commission houses had q few
80 rom investors, but the aggregate
,..ass was 50 insignificant that they
"a no impression on prices. Every
80 went. snd the decline established
Erred only 10 degree, while in some
-. 1oWsr prices than mad been attain
=. any previous time this year were
,1r4ei This afternoon, how
- the pressure was some
:. relieved, and the report that
n5wsrfaI interest was bearing
market created g revulsion in feeling,
s room traders quickly got over to
mil side and became active IL bidding.
. innresstUn that the Treasury wiz
. some seton toward relieving the
-py market also had much TO do with
-ore settled aspect Of the market
ming the evening, as should q more
IA, pOicy be announced the banks
-Ij loan more freely, and Il it is gen
IN, believed that active stocks are
ra,7 oyers0ld . healthier condition
7rces would result. TIE i'm
rsnent in the evening was nearly
,s, to the extent Of the depression
the morning, and in many cases net
.ls for the day were made. The
.ning was very active and decidedly
gk, though prices e. the opening were
-ur. The decline WAS very sharp,
viewer. and in the h,st fifteen minutes
SIS rs7ging up to u per cent. Were
lie An equally sharp rally followed
II R1icl little progress was made II
ter dig Ll0n till the next hour, wher
&ms sE6rp break eLsued, while tht
yyeTv was not so vigorous
more settled tone thea became spper
It, though prices declined, the marke
E.me more quiet and soon began K
u after which more decided strength
ls SHOWN than at any previous TIM
1,iag The day. Tae upward move me
Fa no serious setback and closed onl,
..1 the C.0se of the board Good pro
Etss was made IN active stocks in III
lG hour sad the market closed fairly
rive snt firm, The closing prices shov
gs.g,ag changes as compared with yes
G.sys Ina. figures, but declines ar,
tal8rg- majority, the only importan
!Ulces being in Northern Paciti
rigIGi, while Colorado Coal lost q
l1ls.tsn and Michigan Central > an
slsjs Southern and New England l.
Ra-0a5 bonds dull and weak. Hcus
lsld T,N2s general 6's lost 3, al 40
lICan Central is >, at sc; Texas an
Ped, trust receipts Il, 81 594, and s.
us, Arkansas and Texas 2's ., at s.
Government bonds du.l, but firm
TIGHT MONEY
NEW YORK, Sept. 20-The conditio
1.-THE money market Is exciting great il
ctst. Tight money! was the phras
every 5ody's lips yesterday. n. /
%yens0n. fhe real estate man, sent
k Of waning to President Clevelsn
S.T1sy, which is exciting COnsideIso
lIeut snd creating some merrimen
E5 brothers, WoImseTs, We're telling
L Windsor last night that they had tel
apaed the President TO buy alittle Il a
:. 10 mix IN me AS.
he Times SAYS: "Ronds are suF9rir
much S. stocks. No oids car be h,
Iytlirg The banks are thrown
A!tal0g but Old giIt-edged securiti'
1" oi hit lists Of collateral on which tht
willing to mske loans. MerChan
u suffering quite SIS badly as are Il
"ae directly engaged in Wsll sire
Clns, The banks are unable or u
Ing, as the case may b
Provide spy such accommodate
: ne needs Of commercial trade call f.
- mis- IS o5ligiDg lots Of merchants
..el tAeir strong boxes and 20 TO WIS
s-ee; seeking 8 market for dividend pa
= Socks and gilt-edged bonds that rs
~ sid aside IS sure income provide
- msny years, but in some box
.t sre other things than the c
s..slsed paTchments, and visits to W
a. AleGL ~ Wy
= Ne stocks or bonds of some ccmps
-IIe-y ye. pushed forward yet to ssfe $
- - footing among investments. 1
-. ss.onisbeS them. Things for VIII
nv rs, nave paid good money and in who
=. --s Aey have su s5solute conhder
>. Sccedited, unmarketabie almost
:: price. Tight money
only explanation they
,..lled with. All this ii:
r.a,! tax however is good desl more
%afe t5sn = reality. More people
:, s'Vas t12n are hurt. The world
going 70 end right swsy. Q
ss-ed owners Of securities VINO b;
~; -. quotations drop SO far are haI
s.'-s 70 rush at ga.lop now to unload
'ottom prices.
r. Terrell.